Income Tax Slab & Rate for FY 2025-26

[VasukiVasuki is verified member.]

Hi Friends,
Please share your Income Tax slab expectations (for individuals) and your suggestions from the 2025 budget (FY 2025-26).
Given the reach of the TechnoFino community, our Finance minister and her team might implement some of your innovative suggestions.
So, go on and share your thoughts.

Rates of Tax: FY 2024-25
For Individual (Resident or Non-Resident) less than 60 years of age anytime during the previous year:

Old Tax Regime		New Tax Regime u/s 115BAC
Income Tax Slab	Income Tax Rate	Income Tax Slab	Income Tax Rate
Up to ₹ 2,50,000	Nil	Up to ₹ 3,00,000	Nil
₹ 2,50,001 - ₹ 5,00,000	5% above ₹ 2,50,000	₹ 3,00,001 - ₹ 7,00,000	5% above ₹ 3,00,000
₹ 5,00,001 - ₹ 10,00,000	₹ 12,500 + 20% above ₹ 5,00,000	₹ 7,00,001 - ₹ 10,00,000	₹ 20,000 + 10% above ₹ 7,00,000
Above ₹ 10,00,000	₹ 1,12,500 + 30% above ₹ 10,00,000	₹ 10,00,001 - ₹ 12,00,000	₹ 50,000 + 15% above ₹ 10,00,000
		₹ 12,00,001 - ₹ 15,00,000	₹ 80,000 + 20% above ₹ 12,00,000
		Above ₹ 15,00,000	₹ 1,40,000 + 30% above ₹ 15,00,000

Surcharge (10-37%) applicable on income above 50 Lakh.
The Rate of Health & Education Cess 4% (additional).
--------
For more information, please visit:
Ref (1): https://www.incometax.gov.in/iec/foportal/help/individual/return-applicable-1
Ref (2): https://www.incometax.gov.in/iec/foportal/help/individual-business-profession
Ref (3): https://www.bajajfinserv.in/investments/income-tax-slabs

Will update the new Income Tax rate after budget presentation on February 01, 2025.

2 feb ko wapas ayunga idhar

 

[iamdhamo]

View attachment 82439

No more savings. Do yu mean this?

 

[2025]

My expectations regarding tax slab from this budget.

New Tax Regime:
0-4 Lakh: 0%
4-8 Lakh: 5%
8-12 Lakh: 10%
12-16 Lakh: 15%
16-20 Lakh: 20%
20-24 Lakh: 25%
24 Lakh+: 30%

Old Tax Regime:
Babaji ka thullu (No change).

"Bol Wo Rahen Hai Shabd hamare hai."

Surprise, Surprise, Guys!
Upto 12 Lakh tax rebate, more than anyone could have expected.

 

[desiviru]

"Bol Wo Rahen Hai Shabd hamare hai."

Surprise, Surprise, Guys!
Upto 12 Lakh tax rebate, more than anyone could have expected.

No surprise as Delhi election factor played out. As I told before this budget will keep Delhi regime change in mind and surprise voters. Now with this move, Delhi will get BJP for sure. 80% od Delhi middle class comes in 10-15L.

 

[panu24]

No surprise as Delhi election factor played out. As I told before this budget will keep Delhi regime change in mind and surprise voters. Now with this move, Delhi will get BJP for sure. 80% od Delhi middle class comes in 10-15L.

Ha ha exactly this is the only thought came to my mind when I heard about 12 lacs taxfree income.

 

[desiviru]

Ha ha exactly this is the thought came to my mind when I heard about 12 lacs taxfree income.

Now this will be compesated with GST on necessary life items increasing from April from 5% to 12% and 12-18% in many things. Ek haat de aur dono haatho se wapas le.

But atleast FD interest rates fall in coming days will be compesated now with no direct tax outflow.

 

[2025]

Ha ha exactly this is the only thought came to my mind when I heard about 12 lacs taxfree income.

Whatever may be the reason. We middle class tax payers are very happy today.
Its a big surprise. As said before, Today Tai- 100, Critics - 0

 

[2025]

Now this will be compesated with GST on necessary life items increasing from April from 5% to 12% and 12-18% in many things. Ek haat de aur dono haatho se wapas le.

But atleast FD interest rates fall in coming days will be compesated now with no direct tax outflow.

Bro, pls. re calculate the total tax savings.

 

[desiviru]

Bro, pls. re calculate the total tax savings.

As per current slab you will save 3-7L(5%) = 20000, 7-10L(10%)= 30000 and 10-12L=30000. Total 80K + 4% cess. But this will be applicable from AY26-27. This year we have to pay the same.

Below 7.75L you were already not paying anything. So relief is for those above 8L to 12.75L.

 

[ashwinsid]

Explanation by Grok

 

[PavvanPavvan is verified member.]

My expectations regarding tax slab from this budget.

New Tax Regime:
0-4 Lakh: 0%
4-8 Lakh: 5%
8-12 Lakh: 10%
12-16 Lakh: 15%
16-20 Lakh: 20%
20-24 Lakh: 25%
24 Lakh+: 30%

Old Tax Regime:
Babaji ka thullu (No change).

This should be considered the prediction of the decade 😀
@TechnoFino @vaibhav111 @Rkr @BVC

Please race for next FM of india

 

[2025]

As per current slab you will save 3-7L(5%) = 20000, 7-10L(10%)= 30000 and 10-12L=30000. Total 80K + 4% cess. But this will be applicable from AY26-27. This year we have to pay the same.

Below 7.75L you were already not paying anything. So relief is for those above 8L to 12.75L.

No No. Slabwise.
Also there is more benefits in higher bracket. Go till 24 Lakh atleast. I will also do the calculation later.

 

[2025]

Explanation by Grok
View attachment 82474

Please also add between 15 - 24 L slab for more clarity of maximum benefits.

 

[Vinay13]

How much is max tax reduced from 39 to?

 

[kiwi]

No No. Slabwise.
Also there is more benefits in higher bracket. Go till 24 Lakh atleast. I will also do the calculation later.

Yes. For 50L there will be considerable benefits

 

[2025]

How much is max tax reduced from 39 to?

Will be updating the main post soon.

 

[desiviru]

No No. Slabwise.
Also there is more benefits in higher bracket. Go till 24 Lakh atleast. I will also do the calculation later.

Yet to enter data in excel. Doing now. I thought you asked how much more people benefit as compared to older slab. haha

 

[desiviru]

Here it is

0-400000 0 0 0
400001-800000 5% 20000 20000
800001-1200000 10% 40000 60000
1200001-1600000 15% 60000 120000
1600001-2000000 20% 80000 200000
2000001-2400000 25% 100000 300000
2400001-2800000 30% 120000 420000
2800001-3200000 30% 120000 540000
3200001-3600000 30% 120000 660000
3600001-4000000 30% 120000 780000
4000001-4400000 30% 120000 900000
4400001-4800000 30% 120000 1020000

 

[2025]

Here it is

0-400000 0 0 0
400001-800000 5% 20000 20000
800001-1200000 10% 40000 60000
1200001-1600000 15% 60000 120000
1600001-2000000 20% 80000 200000
2000001-2400000 25% 100000 300000
2400001-2800000 30% 120000 420000
2800001-3200000 30% 120000 540000
3200001-3600000 30% 120000 660000
3600001-4000000 30% 120000 780000
4000001-4400000 30% 120000 900000
4400001-4800000 30% 120000 1020000

I am preparing a table for easy reference. will update in sometime. will tag u to recheck. thanks.

 

[fin_avid]

My expectations regarding tax slab from this budget.

New Tax Regime:
0-4 Lakh: 0%
4-8 Lakh: 5%
8-12 Lakh: 10%
12-16 Lakh: 15%
16-20 Lakh: 20%
20-24 Lakh: 25%
24 Lakh+: 30%

Old Tax Regime:
Babaji ka thullu (No change).

U r a prophet man.